In 2024, the**************************************o posted the highest revenue of any company in the world before taxes, with an income of over *** billion U.S. dollars. ************************************************** rounded out the top five spots in the ranking of most profitable companies. What is net income? Net income, or net profit, which differs slightly from pre-tax income, is the figure that gives the most complete overview of a company’s profitability: It is calculated as the revenue of a company less all operating expenses, debt payments, interest paid, income from subsidiary holdings, taxes, etc. Different industries have different net profit margins. The Apple doesn’t fall far In terms of market value, Microsoft was the largest company in the world in 2024, with Apple following in second. Since the beginning of the new millennium, Apple has reported ever rising amounts of worldwide revenue, with iPhone sales leading the charge.

This statistic shows the 2025 ranking of the top 10 biotech and pharmaceutical companies worldwide, based on net income. U.S.-based company Johnson & Johnson was ranked first with a net income of **** billion U.S. dollars. Biotech and pharmaceutical companiesJohnson & Johnson and Merck & Co., both based in the United States, are among the world’s largest biotechnology and pharmaceutical companies based on their net incomes of approximately **** billion U.S. dollars and **** billion U.S. dollars, respectively, as of 2025. Johnson & Johnson generated some **** billion U.S. dollars of revenue in 2024. Pfizer had record-high annual revenues during the COVID-19 vaccination campaign, exceeding 100 billion U.S. dollars in 2022.

Story of a former blockbuster Lyrica was once one of Pfizer’s most successful products. It is an anticonvulsant for neuropathic pain and is also used as therapy for partial seizures. In the EU and in Russia, Lyrica has also been approved to treat general anxiety disorder. In 2017, this prescription medication generated some **** billion U.S. dollars in revenue.

This statistic shows the reported operating profit of pharmaceutical company AstraZeneca from 2006 to 2023. AstraZeneca plc is one of the top 10 pharmaceutical companies worldwide (based on Rx drug revenue). The multinational company is headquartered in London, UK. AstraZeneca is focused on products for the following major disease areas: cancer, cardiovascular, gastrointestinal, infection, neuroscience, respiratory and inflammation. In 2023, the company reported an operating profit of some 8.2 billion U.S. dollars, the highest since 2011. Together with the Oxford University, the AstraZeneca also developed one of the first effective COVID-19 vaccines.

Income before taxes refers to the total money earnings and selected money receipts during the 12 months prior to the interview date.

For more details about the data or the survey, visit the FAQs (https://www.bls.gov/cex/csxfaqs.htm).

Corporate Profits in the United States decreased to 3203.60 USD Billion in the first quarter of 2025 from 3312 USD Billion in the fourth quarter of 2024. This dataset provides the latest reported value for - United States Corporate Profits - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the 2024 ranking of the global top 10 health care equipment and services companies based on net income. The values were taken from the Financial Times equity screener database. North American health care equipment and services company Thermo Fisher Scientific was ranked first, with a total net income of almost **** billion U.S. dollars.

Amazon gross profit for the twelve months ending March 31, 2025 was $319.682B, a 13.7% increase year-over-year. Amazon annual gross profit for 2024 was $311.671B, a 15.41% increase from 2023. Amazon annual gross profit for 2023 was $270.046B, a 19.94% increase from 2022. Amazon annual gross profit for 2022 was $225.152B, a 14.01% increase from 2021.

As of January 2024, the most profitable industry in the United States was money center banking, with a profit margin of 30.89 percent. The profit margin of the regional banking was not too far off, with a net profit margin of 29.67.

Rio Tinto, the multinational mining company from Australia was ranked as the number *** mining company worldwide in based on net income as of a 2024 ranking. Rio Tinto's net income in 2023 amounted to more than ** billion U.S. dollars. In ****** place that year was the Brazilian mining giant Vale, with a net income of *** billion U.S. dollars.

Description Accel Entertainment Accel Entertainment (ACEL) is an operator of Video Gaming Terminals for third party establishments. It buys VGTs from manufacturers, then rents them out to bars, restaurants, alcohol serving joints and manages the machines to earn money from gamblers. The income earned from VGTs are split amongst (a) the joints that host the VGTs, (b) the local or state government taking a cut out of the machines’ gambling earnings, and (c) Accel Entertainment, as the operator/owner of the VGTs. ACEL is profitable, growing top line 20%+ CAGR over a decade, with stable margin and high cash flow. Earnings should grow at mid-single digits going forward, but it’s trading at 10x PE. ACEL is also cheap compared to comps. Apple CAPM Apple Forward P/E Apple Gross Margin Apple Net Margin Apple ROE Return on Equity Apple ROA Return on Asset Apple Graham Number Apple Current Ratio Video Gaming Terminals (VGTs) are arcade machines running gambling games, such as slots or card games. Unlike the gambling machines specifically domiciled in casinos, VGTs are specifically installed in non-casinos settings, such as restaurants, clubhouses, bars, truck stops, and other alcohol licensed establishments. VGTs are income producing assets. They generate Net Terminal Income (NTI) which is the money from what people put into play minus what the VGTs payout for win. Categorically, Net Terminal Income earned from VGTs are split amongst 3 parties, (i) Licensed Establishments - this is the place wherein the VGT is placed, such as bars, restaurants, parlors; (ii) Terminal Operator - this is the company that owns and manages the VGTs. Accel is a terminal operator; (iii) State and local Government - they receive a cut as taxes; the money appropriated can be used for any number of purposes. (iv) a negligible portion of NTI (like 1%) is paid the vendor of central communication system installed on the VGT. For instance, in Illinois, 1% of NTI is paid to Scientific Games. Currently, only ~10 US states have legalized VGTs, but just like iGaming (online gambling), the trend US wide is slow but steady marching of adoption by more states. This development is positive for VGT operators. ACEL operates VGTs in a handful of states. Topline growth comes from operating more machines. ACEL has grown from organically and via acquisition. Below are the key states for ACEL State VGTs in the State Economics Comments Illinois 8,630 locations48,600 machines Annual earning averages $104k per machine. Splits:VGT operator 32.5%, govnmt 34%, location owner 32.5% IL has the most VGT nationally. 6 VGTs allowed per location. 10 per truck stop. Number of location in the state continues to grow, at LSD. Total number of VGTs in the state grows at MSD. Montana 1,400 locations16,000 machines Annual earnings averages $106k per machines. SplitsVGT operator 42.5%; govnmt 15%; location owner 42.5% In January 2025, a bill was introduced to raise video gaming wager limit from $2 to $4. Nebraska 1,600 locations5,900 machines Annual earnings averages $67k per machine. Splits:VGT operator 40%+; govnmt 5%; location owner 35% Since legalization in 2020, the state saw 60% growth over the past several years. Based on momentum, strong growth should continue. Nevada 170,000+ machines Economics are undisclosed, but are negotiated amongst parties. VGT operator often get 32%+ of the split. Slot machines are allowed outside of casinos. Establishments can have 15 machines. Highly competitive market given abundant gambling competition in the state. Louisiana 1,500 locations12,000 machines Annual earnings $50-100k depending on location.Splits: 26% gvmnt; 37% VGT operator; 37% location the market been around for 30 years. VGTs installed at bars and truck stops. Both fragmented. In bars, the machines used are legacy equipment 20+ years old. Investment Thesis Straightforward, desirable per machine economics. By my research, VGT operators like Accel buy these ready-to-deploy VGTs from manufacturers at cost averaging $20-30k per machine. Once deployed, average machine typically generate $100k+ per year. Terminal operator gets a 30-40% cut out of this figure, so payback is 1 year. Return on capital is evidently quite attractive. There are other miscellaneous fees that I’ve not accounted for, but nothing meaningfully dampens the quite attractive economics. Amazon CAPM Amazon Forward P/E Amazon Gross Margin Amazon Net Margin Amazon ROE Return on Equity Amazon ROA Return on Asset Amazon Graham Number Amazon Current Ratio Growth of VGT industry. Historical trend has demonstrated that VGTs are popular with businesses and government because they generate good revenue, but as of 2025, only 10 US states have legalized VGTs. They are Illinois, Indiana, Iowa, Louisiana, Montana, Missouri, Tennessee, Oklahoma, South Dakota, and Texas. In each of the state where VGT is legal, adoption has been strong. Each year, more establishments like bars or restaurants are licensed for VGT. In Nebraska for instance, since legalization in 2020, VGT in the state has blossomed by 60%. Businesses are finding this passive asset to be a good additional source of income. Government are supporting the endeavor because they get a cut of the profit, which contributes to many government’s perennially underfunded status. Americans also loves to gamble, and demand for VGTs shows no signs of saturation. Bear in mind that in all states, there is a per bet wager limit, of $2-5. No high stakes here, just people playing with chump changes. Yet VGT is already generating prodigious cash flow. On the back of (a) more VGTs adoption in each state where it’s legal + (b) VGTs conceivably legalized in other states + (c) upping the wager limit (which states have a proclivity to do over time), there is a robustly growing TAM for ACEL. IMO: industry revenue growth of HSD for a decade is realistic. ACEL is a market leader with scale. Like in other businesses, scale often begets scale. This business is ultimately commoditized. VGT operators all acquire the same variations of machines from a dozen or so manufacturers. Differentiations for operators stem from customer service, operating proficiency (including what games to offer and replacement of older machines, etc), and sales. ACEL is the largest operator in Illinois with 1/3 of market share. In Montana, and Nebraska, it is also growing. ACEL can leverage its scale and reputation to offer better pricing and is more accessible to establishments who wants to partner with a VGT operator. Lastly, still with lots of smaller players, the VGT operators landscape is ripe for further consolidate. Public peers like ACEL generally trades at premium valuation to private targets, so ACEL stands to gain from absorbing smaller operators accretively, as it demonstrably has in the past. ACEL margin stable; revenue should CAGR MSD to HSD. The VGT industry is still largely fragmented and players appetite for VGT as alluded to earlier has not saturated. Management has reiterated repeatedly intention to achieve long term growth of LSD topline; MSD EBITDA growth; and HSD FCF assuming normalized capex. In the current environment, ACEL should be able to achieve MSD to HSD topline growth from the combination of (a) location growth + (b) VGT growth per location + (c) revenue growth per machine. This modest growth assumption is well supported by ACEL’s historical operating results. I see 3-5% top line growth for meaningful number of years to come. The margin should incrementally improve also because operator’s split of gaming machine income is stable in each state and contracts are conventionally almost a decade long. With variable cost predictably static, ACEL’s overhead of personnel costs should be distributed over larger base of operation and revenue base as ACEL grows, so overall margin should be improve as the business growth. Call option via accretive M&A. The VGT industry is still mostly fragmented, with many small private operators valued at low EBITDA multiples. This means ACEL can continue to execute a opportunistic M&A strategy of multiples arbitrage. This not only enables ACEL to deepen footprint in existing states, but also affords possibility to penetrate new states. And market generally responds to ACEL M&A positively. Casino buildout in Illinois. Press ACEL is expanding to beyond just gaming machines to casinos and horse racing. In 2024, ACEL bought Fairmount Holdings for $35 million in stock. The deal gets for ACEL the only active racetrack in Illinois, with 65 race days and ~435 horse races annually. The facility generated $29 million 2023 revenue and modest Adj. EBITDA, but ACEL will invest $85-95 million over the next 2 years to build a Phase I temporary casino site and then a Phase II permanent casino site. The Phase I temp casino is expected to launch Q2 2025, with 255 machines. The Phase II permanent casino is expected to roll out by by YE2027, with 600+ slot machines + 24 table games. Once complete, the site expects to generate $25 million of Adj. EBITDA and 75% FCF, making the entire asset a 16% IRR project. The deal received comments from the city major and Illinois government people, all signs of ACEL’s blessing from local community. Valuation ACEL is currently trade at ~11x owner’s earnings. With MSD earnings growth, it should trade at least 15x earnings. Risks (What could go wrong) Execution delays in casino buildout. The Phase I and Phase II build out of the Fairmount acquisition could be delayed for a variety of operational reasons. Any delays or project cost overrun during the buildout would impair profitability and impinge on the ACEL prospects and stock price. Gambling is a highly discretionary spend. Amidst an already turbulent 2025 ensnared by chaotic tariff threats and looming economic slowdown, gambling arcade machines would be the type of venues highly vulnerable to spending pullback. However, the magnitude of a deterioration

Graph and download economic data for Share of Net Worth Held by the Top 1% (99th to 100th Wealth Percentiles) (WFRBST01134) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.

Walmart net income for the twelve months ending April 30, 2025 was $18.819B, a 0.65% decline year-over-year. Walmart annual net income for 2025 was $19.436B, a 25.3% increase from 2024. Walmart annual net income for 2024 was $15.511B, a 32.8% increase from 2023. Walmart annual net income for 2023 was $11.68B, a 14.58% decline from 2022.

The chemical company Linde was the number one leading global chemical company in a 2024 global ranking based on net income, with a net income of approximately **** billion U.S. dollars. Air Products and Chemicals, headquartered in the United States, was ranked second, with a net income of **** billion U.S. dollars. The significance of the global chemical industry The chemical industry is one of the most important foundations for the world’s economy as we know it. One of the primary undertakings of this industry is the transformation of raw materials into industrial chemical products, which are fundamental for other industrial sectors. The principle chemical products are polymers and plastics, which are responsible for nearly ** percent of the industry’s production volume. Excluding the pharmaceutical sector, the global chemical industry's revenue amounts to nearly ***** trillion U.S. dollars in 2022. Prominent national chemical industries: Germany and the United States Germany has an old and well-established chemical industry. Two of the largest chemical companies worldwide, BASF and Bayer, originated there. Although BASF's revenue generated in 2023 amounted to ** billion euros, BASF had a net income of *** million euros that year. Like Germany, the United States is home to many of the world's leading chemical producers. The ubiquitous U.S.-based chemical companies Dow and DuPont, which were joined in September 2017 in the formation of the chemical conglomerate DowDuPont, have since been spun-off again into individual companies with discreet focus areas.

This statistic presents the net profit margin of the leading 10 consumer products companies in the United States in 2013. In that year, the Coca-Cola Company had a net profit margin of 18.4 percent. The Coca-Cola Company, founded in 1892, is headquartered in Atlanta, Georgia.

Selected quarterly aggregate balance sheet and income statement items representing incorporated enterprises operating in Canada, presented in millions of dollars.

The average EBIT margin of main containeramounted to **** percent in the fourth quarter of 2024, down from 38.4 percent the previous quarter. Record profits for container carriers in 2021 and 2022 While Maersk was making an EBIT of about ** U.S. dollars on each TEU transported in 2020, this figure grew more than fivefold in 2021, reaching some *** U.S. dollars per TEU transported. ZIM recorded an even higher increase in the average EBIT per TEU of selected container carriers, with almost *** U.S. dollars per TEU in 2020 reaching over ***** U.S. dollars in 2021.It is thus not surprising that profits of container ship operators increased considerably in 2021 compared to previous years. It was estimated that in 2021 alone, the global container shipping industry made an operating profit of *** billion U.S. dollars. This is a staggering figure, considering that it is nearly three times more than the industry made over the previous 10 years combined. The surge in freight rates driving carrier profits up The main driver for the dramatic increase in profits was record-high freight rates, especially along the Suez Route between Asia and Europe. The surge in freight rates has been, in part, triggered by the arrival of the COVID-19 pandemic, and the disruptions of the pandemic have had a snowball effect on every aspect of the global supply chain. Due to a combination of factors, ports were being closed and becoming congested, leading to long ships queues, which further resulted in the low schedule reliability of container carriers. Moreover, the price of bunker fuel has been growing since mid-2020, putting more pressure on freight rates as well.

The Polish petrochemical company ORLEN SA recorded the highest net profit at 4.8 billion euros in 2023. Jeronimo Martins Polska, owner of the Biedronka discount store chain, came second.

NVIDIA net income for the twelve months ending April 30, 2025 was $76.774B, a 80.23% increase year-over-year. NVIDIA annual net income for 2025 was $72.88B, a 144.89% increase from 2024. NVIDIA annual net income for 2024 was $29.76B, a 581.32% increase from 2023. NVIDIA annual net income for 2023 was $4.368B, a 55.21% decline from 2022.

As of April 2024, Tele2 AB was ranked as the most profitable telecommunication company among the Nordic countries, with a net profit of over 530 million euros, while Telenor Sverige AB was ranked second with a net profit of over 310 million euros.

Apple revenue for the twelve months ending March 31, 2025 was $400.366B, a 4.91% increase year-over-year. Apple annual revenue for 2024 was $391.035B, a 2.02% increase from 2023. Apple annual revenue for 2023 was $383.285B, a 2.8% decline from 2022. Apple annual revenue for 2022 was $394.328B, a 7.79% increase from 2021.